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Khalil
Khalil is a 29-year-old married father of one child who repairs and sells air conditioners and washing machines. He also works on other electrical machines, and has been doing this work for eight years. He is a hard worker. He puts much effort into developing his business to make sure that it will provide him with a good income to cover his family’s and his business' increasing needs.

Khalil is a Palestinian Refugee who lives and works in a Palestinian camp like most Palestinians living in Lebanon. Khalil challenge is the lack of customers in the camp since he is limited to a certain area.

He is acquiring a YOUTH loan from Kiva's partner, Al Majmoua, to increase his inventory with special electrical spare parts. He hopes to develop his business and be capable of expanding his working zone in the future.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

Tags

About Lebanon

  • $5,900
    Average annual income
  • 38
    View loans »
    Lebanon Loans Fundraising
  • $14,547,175
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Khalil to increase his business by purchasing special electrical spare parts.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 16, 2013
Currency Exchange Loss:
N/A
Ended:
Aug 17, 2014